Aug 06, 2021, at 10:43 pm
New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).
RBI retains GDP forecast for FY22 at 9.5pc
Aug 06, 2021, at 10:00 pm
New Delhi/UNI: Buoyed by increasing exports, high-frequency data pointing to positive outlook and widening vaccination coverage, Reserve Bank of India (RBI) on Friday retained its real GDP growth projection for FY22 at 9.5 per cent while announcing the bi-monthly monetary policy.
ASSOCHAM lauds RBI for prioritising growth with accommodative policy stance
Aug 06, 2021, at 09:42 pm
Kolkata/IBNS: ASSOCHAM today said full credit must be given to the Reserve Bank of India and its Monetary Policy Committee for ''prioritising'' growth and retaining the ''accommodative stance'' on policy rates to lessen the impact of Covid-19 on the economy, despite inflationary pressures which have rightly been described as ''transitory'' by Governor Shaktikanta Das.
Aug 06, 2021, at 09:19 pm
New Delhi/IBNS: The Supreme Court on Friday ruled that Reliance Retail and Future Retail cannot go ahead with their Rs 24,713 crore deal, in a boost to US-based e-commerce giant Amazon.
RBI holds repo rate at 4 pc, keeps all other rates also unchanged
Aug 06, 2021, at 06:24 pm
New Delhi/UNI; Announcing its bi-monthly monetary policy on Friday, the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent on expected lines to support growth hit hard by the COVID-19 pandemic.
RBI MPC keeps repo rate unchanged at 4 percent: Shaktikanta Das
Aug 06, 2021, at 03:56 pm
New Delhi: RBI Governor Shaktikanta Das on Friday announced its Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 percent.
NFDB signs MoU with PNB to extend financial assistance to fish producers
Aug 06, 2021, at 05:24 am
Kolkata/IBNS: National Fisheries Development Board (NFDB) under Ministry of Fisheries, Animal Husbandry & Dairying, signed an MoU with Punjab National Bank to extend financial assistance through the bank.
ASEL records 90 pc jump in PAT to Rs 19 cr in Q1FY22
Aug 06, 2021, at 04:48 am
Kolkata/IBNS: Avadh Sugar and Energy Ltd (ASEL) reported Profit after Tax (PAT) of Rs 19 crore, a growth of 90 per cent year-on-year, as against Rs 10 crores in Q1 FY21.
PVR launches First Director’s Cut in Haryana
Aug 06, 2021, at 01:40 am
Gurugram/IBNS: Film entertainment company PVR through its luxury arm, The Luxury Collection, announced the launch of its First Director’s Cut in Haryana in Gurugram Thursday.
Airtel loops in Google Cloud and Cisco to launch ‘Airtel Office Internet’
Aug 05, 2021, at 11:01 pm
Kolkata/UNI: Telecom major Bharti Airtel Thursday announced the launch of ‘Airtel Office Internet’ – a unified enterprise-grade solution for the emerging digital connectivity needs of small businesses, SOHOs and early-stage tech start-ups.
ixigo acquires the Hyderabad-based second-largest bus aggregator
Aug 05, 2021, at 10:11 pm
Hyderabad/UNI: ixigo, an AI-based travel app based in Gurugram, has acquired Hyderabad's AbhiBus which is the second-largest bus aggregator.
PRSI Kolkata to train public relation professionals in data analytics and other key areas
Aug 05, 2021, at 07:07 pm
Kolkata/IBNS: Public Relations Society of India, Kolkata Chapter, has decided to hold seminars and workshops to train public relation (PR) professionals in new areas which would help them strategize corporate communications.
Linde India acquires packaged gases business of HPS Gases Ltd
Aug 05, 2021, at 07:38 am
Kolkata/IBNS Linde India has signed a Business Transfer Agreement on Tuesday with HPS Gases Ltd, Vadodara to acquire its entire packaged gases business along with certain distribution assets with effect from 1 November 2021 for an aggregate cash consideration of Rs275 million, the company said in a statement.
RIL to double PET recycling capacity with new facility in Andhra Pradesh.
Aug 05, 2021, at 07:15 am
Mumbai/IBNS: Reliance Industries Limited (RIL), India’s largest private sector company is doubling its PET recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh.
BharatPe in unicorn club, valuation crosses $2.85 billion
Aug 05, 2021, at 06:44 am
New Delhi/IBNS: Fintech startup BharatPe said Wednesday that it has raised $350 million after which its post-money valuation shot up to $2.85 billion.
Inox to reopen cinemas in Kolkata and Howrah
Aug 05, 2021, at 04:49 am
Kolkata/IBNS: India’s leading multiplex chain, INOX Leisure Ltd, on Wednesday announced that it is all set to welcome back its movie lovers at six of its properties Quest, Swabhumi, City Centre 1, Metro, Madhyamgram and Liluah located across Kolkata and Howrah from Aug 5 and the rest will reopen as per operational readiness.
RBI cautions against online buying and selling of old bank notes and coins
Aug 05, 2021, at 03:07 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has warned people on Wednesday against fraudsters using Reserve Bank of India's name and logo to seek charges, and commission or taxes from the public in online transactions of buying and selling old bank coins and notes.
SBI Q1 net profit shoots up 55 pc (YoY) to Rs 6,504 Cr, NII increases 3.74 pc
Aug 05, 2021, at 01:09 am
Mumbai/IBNS: India's largest bank SBI posted a net profit at Rs 6,504 crore, up 55.25 per cent year-on-year (YoY), in the quarter ended June 30, 2021, compared to Rs 4,189.34 crore in the same quarter of the last fiscal year.
Tata Motors drives in the all-new Tiago NRG
Aug 04, 2021, at 11:09 pm
Mumbai: Holding true to its ‘New Forever’ brand promise, Tata Motors today launched the all-new Tiago NRG.
State Bank of India registers its highest quarterly Net Profit of Rs. 6,504 Crores in Q1FY22
Aug 04, 2021, at 10:36 pm
Kolkata/UNI: State Bank of India (SBI) has registered its highest quarterly Net Profit of Rs. 6,504 Crores in Q1FY22.
Indian Market: Sensex closes life time high at 54,369.77 pts
Aug 04, 2021, at 10:17 pm
Mumbai/UNI: The BSE Sensex on Wednesday ended at a new peak at 54,369.77, surging 546.41 on the strength of Bamkex, Finance and Energy stocks.
RBI issues rules for outsourcing of payment, settlement activity by PSOs
Aug 04, 2021, at 06:50 am
Mumbai/IBNS: The Reserve Bank of India has framed minimum standards to manage the risk in outsourcing of payment and settlement-related activities by non-bank payment system providers PSOs.
Hiring rate in India grows 42 per cent in June against 2019 pre-pandemic levels: Report
Aug 04, 2021, at 05:31 am
Bengaluru/IBNS: Hiring in India is gradually picking up and the recruitment rate in June was 42 per cent higher than the pre-pandemic levels in 2019, according to a report by LinkedIn India.
Bharti Airtel Q1FY22 result: Net profit at Rs 284 cr, ARPU at Rs 146
Aug 04, 2021, at 04:46 am
Mumbai/IBNS: Bharti Airtel said it has recorded a 62 per cent quarter-on-quarter decline in profit at Rs 284 crore in the quarter ended June 30, 2021 compared to Rs 759 crore registered during the fourth quarter of FY21.
Indian Rupee moves up 6 paise against USD
Aug 03, 2021, at 10:55 pm
Mumbai/UNI: The Rupee on Tuesday advanced by six paise to close at 74.28 against the USD on selling of US Dollar by bankers and importers, dealers at the Forex Market said.
Indian Market: Sensex ends at record closing high of 53,823.36 points
Aug 03, 2021, at 10:13 pm
Mumbai/UNI: The BSE Sensex on Tuesday closed all time high at 53,823.36, surging 872.73 points following gains in Telecom, FMCG, Auto and Bankex stocks.
Kumar Mangalam Birla offered govt to take over his stake in Vodafone Idea Ltd (VIL): Report
Aug 03, 2021, at 10:10 pm
Mumbai/IBNS: Aditya Birla group Chairman Kumar Mangalam Birla has offered to handover his stake in cash-strapped Vodafone Idea Ltd (VIL) to the Centre or any other entity that the government thinks capable of keeping the company operational, according to media reports.
Indian Rupeemoves up by 4 paise against USD
Aug 03, 2021, at 09:32 pm
Mumbai/UNI: The Rupee on Tuesday moved up by four paise at 74.30 in the early trade owing to selling of the US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian Market: Sensex opened in record high
Aug 03, 2021, at 09:26 pm
Mumbai/UNI: The BSE Sensex on Tuesday opened on a new peak at 53,125.97, advancing by 175 pts as buying was witnessed across the board.
PNB Q1FY22: Net profit jumps 232 pc to Rs 1,023 cr, NII zooms to Rs 7,227 cr
Aug 03, 2021, at 07:12 am
New Delhi/IBNS: Punjab National Bank reported a net profit of Rs 1,023 crore during Q1FY22, up 232.1 per cent from Rs 308 crore in Q1FY21.